SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date of Report (Date of earliest event reported): March 20, 1997
METROPOLITAN ASSET FUNDING, INC.
(Exact name of registrants as specified
in its organizational documents)
Delaware 333-11447 91-
(Corporation state of (Commission 1734050
incorporation) File (Corporation
Number) I.R.S.
Employer
Identificatio
n No.)
929 West Sprague Avenue, Spokane, Washington 99210
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area cod
e: (602) 947-7703
Not Applicable
(Former name or former address, if changes since last report)
PAGE 1 OF 10 PAGES
EXHIBIT INDEX APPEARS ON PAGE 5
Item 5. Other Events.
The registrant is filing this Current Report on Form 8-K in
order to file with the Commission the Monthly Statement to
Certificateholders as to the Payment Date of March 20, 1997.
Item 7. Exhibits.
99.1 Monthly Statement to Certificateholders as to the Payment
Date of March 20, 1997.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
METROPOLITAN ASSET FUNDING, INC.
Date: April 15, 1997 /S/ Tom Turner
By Tom Turner, President
EXHIBIT INDEX
Sequentially
Exhibit Description Numbered
No. Page
99.1 Monthly Statement to Certificates as
6
to the Payment Date of March 20, 1997.
<TABLE>
<CAPTION>
Payment Date: 3/20/97
Metropolitan Asset Funding, Inc.
Mortgage Pass-Through Certificates, Series 1996-A
Class
Information Current Payment Information
Beginning Pass- Principal Interest
Total
Class Name Cert. Bal. Through Dist. Amt. Dist.
Dist.
Code Amt.
<S> <C> <C> <C> <C> <C> <C>
A-1 $ 6.050000 $1,373,800. $189,813.
$1,563,614.
37,649,009.4 % 89 76
65
2
A-2 24,513,122.0 6.850000 0.00 139,929.0
139,929.07
0 7
A-3 9,241,971.00 7.150000 0.00 55,066.74
55,066.74
A-4 25,384,889.9 6.950000 108,710.68 147,020.8
255,731.50
1 2
B-1 6,858,645.27 7.200000 29,372.12 41,151.87
70,523.99
B-2 4,364,592.63 7.500000 18,691.35 27,278.70
45,970.05
B-3 3,801,675.00 8.250000 0.00 26,136.52
26,136.52
B-4 4,118,481.00 8.250000 0.00 28,314.56
28,314.56
B-5 2,851,256.00 8.250000 0.00 19,602.39
19,602.39
R/PO 3,202,768.75 2.253802 0.00 0.00
0.00
R/ZI 0.00 2.253802 0.00 0.00
0.00
O
R 3,202,768.75 2.253802 0.00 0.00
0.00
Total $121,986,410.98 $1,530,575. $674,314.
$2,204,889.
s 04 43
47
Payment Date: 3/20/97
Metropolitan Asset Funding, Inc.
Mortgage Pass-Through Certificates, Series 1996-A
(Continued)
Class Current Payment Information
Information
Losses Interest Ending Carry
Aggregate
Class Name to Shortfal Cert. Bal. Forwar
Unpaid
Code Princip ls d
al
<S> <C> <S> <C> <C> <C> <C>
A-1 0.00 0.00 $ 0.00
$57,714.87
36,275,206.54
A-2 0.00 0.00 24,513,122.00 0.00
0.00
A-3 0.00 0.00 9,241,971.00 0.00
0.00
A-4 0.00 0.00 25,276,179.23 0.00
0.00
B-1 0.00 0.00 6,829,273.15 0.00
0.00
B-2 0.00 0.00 4,345,901.28 0.00
0.00
B-3 0.00 0.00 3,801,675.00 0.00
0.00
B-4 0.00 0.00 4,118,481.00 0.00
0.00
B-5 0.00 0.00 2,851,256.00 0.00
0.00
R/PO 0.00 0.00 3,420,198.86 0.00
0.00
R/ZIO 0.00 0.00 0.00 0.00
0.00
R 0.00 0.00 3,420,198.86 0.00
0.00
Totals $120,673,266.
$57,714.87
06
Payment Date: 3/20/97
Metropolitan Asset Funding, Inc.
Mortgage Pass-Through Certificates, Series 1996-A
(Continued)
Class Factors Per $1,000
Information
Class Principal Interest Ending
Code Name Dist. Dist. Cert. Bal.
<S> <C> <C> <C> <C>
A-1 32.3548220 4.47036429
854.32898516
7
A-2 0.00000000 5.70833328
1,000.00000000
A-3 0.00000000 5.95833291
1,000.00000000
A-4 4.21423565 5.69935154
979.84646687
B-1 4.21423590 5.90436398
979.84646681
B-2 4.21423590 6.15037851
979.84646681
B-3 0.00000000 6.87500115
1,000.00000000
B-4 0.00000000 6.87500076
1,000.00000000
B-5 0.00000000 6.87500175
1,000.00000000
R/PO 0.00000000 0.00000000
1,349.46116868
R/ZIO 0.00000000 0.00000000
0.00000000
R 0.00000000 0.00000000
1,349.48116888
Totals 12.0781618 5.32118883
952.26382119
1
Class Original Certificate Information
Information
Pass-
Type Name Cert. Bal. Through Cusips
<S> <C> <C> <C> <C>
Senior A-1 $ 6.050000 591738AA7
42,460,468.0 %
0
A-2 24,513,122.0 6.850000 591738AB5
0
A-3 9,241,971.00 7.150000 591738AC3
A-4 25,796,061.0 6.950000 591738AD1
0
Subordina B-1 6,969,738.00 7.200000 591738AE9
te
B-2 4,435,288.00 7.500000 591738AF6
B-3 3,801,675.00 8.250000 N/A
B-4 4,118,481.00 8.250000 N/A
B-5 2,851,256.00 8.250000 N/A
Residual R/PO 2,534,454.68 2.253802 N/A
R/ZI 0.00 2.253802 N/A
O
R 2,534,454.68 2.253802 N/A
Totals $126,722,514.68
Payment Date: 3/20/97
Metropolitan Asset Funding, Inc.
Mortgage Pass-Through Certificates, Series 1996-A
(Continued)
Aggregate Certificate
Information
Class Aggregat Aggregate Aggregate
Type e Prepay. End. Cert. Bal.
Pct. Pct.
<S> <C> <C> <C>
Senior 66.10742 100.00000 $95,306,480.77
3% 0%
Class A-4 23.50186 0.000000 N/A
6
Subordina 10.39071 0.000000 25,356,785.29
te 0
P&S Ref.
Sec. Ending Collateral Informatio
5.04 n
Aggregate stated $120,673,264.61
principal balance
Aggregate loan 2,296
count
Aggregate $850,073.90
prepayment amount
Weighted average 179
remaining term
Weighted average 9.530236%
coupon rate
P&S Ref.
Sec. Fees & Advances
5.04
Master Trustee
Servicer
Monthly fees $ $813.24
76,241.41
Aggregate advances 1,403,925.8
3
Aggregate 860,571.38
recoveries
Outstanding $1,036,241.
advances 83
P&S Ref.
Sec. Losses & Insurance Coverages
5.04
Net realized losses 0.00
(this period)
Cumulative losses 0.00
(from Cut-Off)
Special Bankruptcy
Fraud
Hazard
<S> <C> <C> <C> <C>
Net principal 0.00 0.00
0.00
losses
Net interest losses 0.00 0.00
0.00
Excess losses 0.00 0.00
0.00
Loss coverage $1,644,100. $129,193.00
$3,801,676.
amount 00
00
Payment Date: 3/20/97
Metropolitan Asset Funding, Inc.
Mortgage Pass-Through Certificates, Series 1996-A
(Continued)
P&S
Ref. Delinquency Information (as of the
Sec. Due Date)
5.04
Ending
Period Loan Stated
Count Balance
30-59 days 62 $3,237,221.1
6
60-89 days 22 1,201,183.94
90+ days 18 702,387.35
In 10 493,742.19
foreclosure
Bankruptcy 0 0.00
Totals 112 5,634,534.64
P&S
Ref. Reo Information
Sec.
5.04
Ending Book
Reo Date Loan Stated Value
Numbe Balance
r
-- 0.00 0.00
-- 0.00 0.00
-- 0.00 0.00
-- 0.00 0.00
Totals 0 0.00 0.00
P&S
Ref. Other Information
Sec.
5.04
Available $2,204,889.47
funds
Accretion 229,111.01
amount
Net 0.00
prepayment
interest
shortfalls
Recoveries on 0.00
foreclosed
loans
Repurchase 0.00
price
Deleted 0.00
mortgage loan
shortfall
</TABLE>
